Your search for letter returned 175 results.

Impact of Proposed Changes to the NOL Cap The IFO published a letter in response to a request from Senator Pennycuick. The letter contains projections for the impact of proposed changes to the amount of taxable income that C corporations may offset through net operating loss deductions. Tags: cap, letter, nol, response
UGSOA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Government Security Officers of America (UGSOA). 01/09/2024
Testimony on the 2023 Basic Education Funding Commission Survey Director Matthew Knittel provided testimony to the Basic Education Funding Commission on the results from the 2023 Basic Education Funding Commission Survey. The IFO response to questions raised at the BEFC hearing can be found here. 12/15/2023
PSEA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State Education Association (PSEA), Non-Tenured Teachers Unit. 12/14/2023
OPEIU Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Office and Professional Employees International Union, Healthcare Pennsylvania (OPEIU). 12/07/2023
PDA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania Doctors Alliance (PDA). 12/07/2023
SEIU Healthcare Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Service Employees' International Union (SEIU) Healthcare Pennsylvania. 12/06/2023
ISSU Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Independent State Stores Union (ISSU). 12/06/2023
PLEA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania Liquor Enforcement Association (PLEA). 11/09/2023
CIVEA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Correctional Institution Vocational Education Association (CIVEA). 10/26/2023
UFWC Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Food and Commercial Workers (UFCW). 10/25/2023
SEIU Local 668 Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Service Employees' International Union (SEIU) Local 668. 09/19/2023
AFSCME Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the American Federation of State, County and Municipal Employees (AFSCME) Council 13. 08/29/2023
Property Tax Rebates for Senior Homeowners In response to a legislative request, the IFO transmitted a letter that analyzes a proposal to provide property tax rebates for senior homeowners in certain income ranges. 04/13/2023
Impact of Proposed Changes to the NOL Cap The IFO published a letter in response to a request from Senator Pennycuick. The letter contains projections for the impact of proposed changes to the amount of taxable income that C corporations may offset through net operating loss deductions. 02/24/2023
Economic and Budget Outlook Hearing Request The IFO published a letter in response to requests for additional information raised at a recent economic and budget outlook hearing on January 24, 2023. 02/10/2023
Analysis of Proposed Changes to State Motor Fuel Taxes The IFO published a letter in response to a request from Chairman Grove for a static and dynamic analysis of proposed changes to state motor fuel taxes. The proposal would reduce those taxes and replace lost revenues with motor vehicle sales and use taxes. 01/26/2023
Property Tax Replacement Estimates In response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis for potential property tax replacement revenues proposed under House Bill 13. 05/19/2022
Property Tax Replacement Estimates In response to a legislative request, the IFO transmitted a letter that provides updated estimates for potential revenue sources that could replace school district property taxes if eliminated. 04/15/2022
Act 25 of 2011 Analysis In response to a legislative request, the IFO transmitted a letter that estimates the potential reduction in property taxes due to Act 25 of 2011. 02/16/2022
UGSOA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Government Security Officers of America (UGSOA). 09/27/2021
Resource Enhancement and Protection Program Tax Credit Act 48 of 2017 requires the Independent Fiscal Office (IFO) to review all state tax credits over a five-year period. For the third year, the IFO reviewed the Neighborhood Assistance Program, Resource Enhancement and Protection Program, Entertainment Economic Enhancement Program, Video Game Production and Keystone Special Development Zone Tax Credits. Click on the link to access the Resource Enhancement and Protection Program Tax Credit Report. IFO letter to the SCC 04/23/2021
School Property Tax, Senior Spending and Tax Revenues In response to a legislative request, the IFO transmitted a letter that updates previous analyses on state and local budget issues, including (1) the IFO school district property tax forecast, (2) potential revenue sources that could replace school district property taxes if eliminated, (3) state spending dedicated to seniors, (4) the share of certain tax revenues remitted by seniors, (5) tax treatment of retirement income by state and (6) migration patterns by age groups. 04/23/2021
UGSOA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Government Security Officers of America (UGSOA). 11/12/2020
PSEA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State  Education Association (PSEA), Non-Tenured Teachers Unit. 07/02/2020
PSCOA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State Corrections Officers Association (PSCOA). 06/26/2020
IFO News Stand - March Edition The March edition of our monthly newsletter - The IFO News Stand. The release includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends.  03/25/2020
CIVEA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Correctional Vocational Education Association (CIVEA). 02/27/2020
IFO News Stand - February Edition The February edition of our monthly newsletter - The IFO News Stand. The release includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 02/20/2020
IFO News Stand - January Edition The January edition of our monthly newsletter - The IFO News Stand. The release includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 01/15/2020
IFO News Stand - December Edition The December edition of our monthly newsletter - The IFO News Stand. The release includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends. 12/20/2019
School District Property Tax Rebate In response to a legislative request, the IFO transmitted a letter that analyzes a set of proposed school district property tax rebates for all homestead property owners. 11/12/2019
ALES Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Association of Liquor Enforcement Officers (ALES). 11/06/2019
OPEIU Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Office and Professional Employees International Union (OPEIU). 11/06/2019
PDA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania Doctors Alliance (PDA). 11/06/2019
SEIU Healthcare Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Service Employees International Union (SEIU), Healthcare. 11/06/2019
IFO News Stand-October Edition The October edition of our monthly newsletter - The IFO News Stand. The release includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends.  10/24/2019
PLEA Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania Liquor Enforcement Association (PLEA). 10/11/2019
FOSCEP Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Federation of State Cultural and Educational Professionals (FOSCEP). 10/11/2019
Minimum Wage Increase Estimates In response to a legislative request, the IFO transmitted a letter that expands upon a prior analysis on the impact of a proposed minimum wage increase. 10/10/2019
Property Tax Replacement Estimates In response to a legislative request, the IFO transmitted a letter that provides revenue estimates for various proposed changes to the state tax code affecting personal income and sales and use taxes. 10/04/2019
School District Property Tax Elimination In response to a legislative request, the IFO transmitted a letter that estimates potential replacement revenues for school district property taxes described in House Bill 13. 10/03/2019
Senior Spending and Tax Revenues In response to a legislative request, the IFO transmitted a letter that analyzes (1) state spending dedicated to seniors, (2) the share of certain tax revenues remitted by seniors and (3) potential changes in senior migration patterns due to proposed tax law changes.   09/27/2019
IFO NEWS STAND - SEPTEMBER EDITION The September edition of our monthly newsletter - The IFO News Stand. The release includes links to recent articles and reports that provide insight into state or national economic, demographic and fiscal trends.  09/25/2019
Property Tax Elimination for Senior Homeowners In response to a legislative request, the IFO transmitted a letter that analyzes a proposal to eliminate all property taxes for senior homeowners with household income of $40,000 or less.  09/25/2019
Property Tax Rent Rebate Program In response to a legislative request, the IFO transmitted a letter that supplements a previous request to analyze a proposed expansion of the Property Tax Rent Rebate Program. 09/17/2019
ISSU Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Independent State Stores Union (ISSU). 09/13/2019
Property Tax Rent Rebate Program In response to a legislative request, the IFO transmitted a letter that analyzes a proposed expansion of the Property Tax Rent Rebate Program. Note: This analysis was originally posted on May 15, 2019. The analysis was reposted on September 12, 2019 to reflect technical adjustments made by the IFO based on research cited in the footnotes of the updated analysis.   09/12/2019
Property Tax Rebate for Older Homeowners In response to a legislative request, the IFO transmitted a letter that provides additional information to a previous analysis of a proposed property tax rebate for older homeowners based on various levels of household income. 09/12/2019
IFO News Stand - August Edition The August edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends.  08/28/2019
Property Tax Rebate for Older Homeowners In response to a legislative request, the IFO transmitted a letter that analyzes a proposed property tax rebate for older homeowners based on various levels of household income.  08/22/2019
UFCW Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and UFCW. 08/13/2019
SEIU Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and SEIU. 08/13/2019
AFSCME Wage Contract Analysis This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and AFSCME. 08/13/2019
IFO News Stand - July Edition The July edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 07/18/2019
Migration Data by Age Group and Educational Attainment In response to a legislative request, the IFO has posted a letter that provides data on educational attainment levels by age group for individuals migrating to and from Pennsylvania. 07/02/2019
IFO News Stand - June Edition The June edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 06/20/2019
Property Tax Replacement Estimates In response to a legislative request, the IFO has posted a letter that provides revenue estimates for various proposed changes to the state tax code that affect personal income, sales and property taxes. 05/23/2019
IFO News Stand - May Edition The May edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 05/22/2019
IFO News Stand - April Edition The April edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 04/22/2019
IFO News Stand - March Edition The March edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 03/19/2019
Homestead Exclusion and PIT In response to a legislative request, the IFO transmitted a letter that computes the level of personal income tax (PIT) increase needed to fully fund a 100% homestead exclusion for school district property taxes. 03/13/2019
Income and Property Tax Burden for Retirees In response to a legislative request, the IFO transmitted a letter that modifies or supplements certain computations from the IFO report entitled State and Local Taxes: A Comparison Across States (December 2018). The letter also compares Pennsylvania’s relative debt burden to other states. 03/06/2019
IFO NEWS STAND - DECEMBER EDITION The December edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 12/11/2018
IFO News Stand - November Edition The November edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 11/20/2018
IFO News Stand - October Edition The October edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 10/17/2018
Tax Cut and Jobs Act Update- August 2018 In response to a legislative request, the IFO submitted a letter that discusses the impact of the federal Tax Cut and Jobs Act (TCJA) of 2017 on Pennsylvania General Fund tax revenues and the economy. 08/24/2018
IFO News Stand - August Edition The August edition of our monthly newsletter - The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 08/20/2018
IFO News Stand - July Edition The July edition of our monthly newsletter – The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 07/24/2018
IFO News Stand - June Edition The June edition of our monthly newsletter – The IFO News Stand. The new release highlights links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 06/19/2018
IFO News Stand - May Edition The May edition of our monthly newsletter – The IFO News Stand. The new release provides links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 05/16/2018
IFO News Stand - April Edition The first edition of our monthly newsletter – The IFO News Stand. The new release provides links to recent articles and reports that provide insight into state or national economic, demographic, budget and tax revenue trends. 04/20/2018
Pennsylvania Natural Gas Royalties The IFO responds to a request regarding natural gas royalty payments in Pennsylvania. Based on draft statutory language provided by the Administration regarding the deductibility of the proposed severance tax from royalty payments, footnote 7 was added to the original letter. (March 23, 2018) 03/23/2018
SPECIAL FUND RECEIPTS AND DISBURSEMENTS In response to a legislative request, the IFO compiled certain data presented in the Governor’s Executive Budget for various years to produce a multi-year history of receipts and disbursements for selected special funds. The letter identifies certain special fund budgeting and reporting issues that should be considered when analyzing the data. The letter also provides computations for a potential budget increase factor based on the annual increases in population and the consumer price index.  02/15/2018
Five Year Economic and Budget Outlook This report examines the demographic, economic, revenue and expenditure trends that will affect the Commonwealth’s fiscal condition through fiscal year (FY) 2022-23. Based on the economic and demographic assumptions used by this report, the evaluation finds that various factors imply a long-term fiscal imbalance. Press Release IFO Presentation PEW Presentation letter providing additional detail Updated projections for the PSERS state share 11/16/2017
Horse Racing Analysis Act 7 of 2016 requires the Independent Fiscal Office (IFO) to provide technical assistance to the Joint State Government Commission (JSGC) for a study related to various aspects of the Pennsylvania horse racing industry. The IFO agreed to provide analysis and text necessary to address the statutory requirement that the report include “a determination of the economic return to the Commonwealth, racetrack operators, horsemen, breeders and other stakeholders on the investment of gaming assessments collected under the act of July 5, 2004 (P.L.572, No.71).” This report is the IFO's submission to the JSGC in fulfillment of this requirement. Note: Tables D and I (pages 8 and 21) and supporting text were updated since the original publication. (Revised March 13, 2017) letter to Rep. Stephens in response to questions regarding the IFO analysis. (March 28, 2017) 03/13/2017
Philadelphia Cigarette & Beverage Tax Impact The IFO responds to a request regarding the impact of Philadelphia’s local cigarette and beverage taxes on state revenue collections. The letter has been revised to include current footnotes 3 and 6, which provide additional context for the assumptions used by the analysis.  (Revised on March 20, 2017) 03/13/2017
Updated School District Property Tax Forecast letter updating the IFO's forecast of school district property tax collections for FY 2015-16 through FY 2021-22. The letter also includes projections of school district debt service payments and earned income tax collections for FY 2015-16 through FY 2021-22. Total school property tax collections for FY 2015-16 ($13.6 billion) and FY 2016-17 ($13.9 billion) are estimated using millage rates published by the Pennsylvania Department of Education. For FY 2017-18 through FY 2021-22, collections are projected based on a forecast of the Act 1 index and exceptions. During that period, total school property tax collections are projected to grow by an average annual rate of 3.5 percent, reaching $16.5 billion by FY 2021-22. Prior reports / references: (1) 2013 IFO analysis of HB / SB 76 and (2) 2014 update of the school property tax forecast. 01/09/2017
Analysis of Executive Order 2016-02 letter responding to a request from Representatives Gingrich and Grove to examine the fiscal implications of Executive Order 2016-02 (May 2016). 05/12/2016
Shared-Risk Pension Analysis This letter provides a statutorily required report analyzing the implementation of the shared-risk pension provisions introduced by Act 120 of 2010. 12/18/2015
Analysis of a Statewide Financial Transactions Tax letter discussing issues that should be considered when evaluating a potential state-level tax on the transfer of securities (May 2015). The office was asked to discuss the viability of the tax and identify any benefits or detriments associated with it.  05/15/2015
The Effect of Act 1 of 2015 letter discussing the effect of Act 1, which uses an index to limit the ability of school districts to increase real property millage rates (April 2015). 04/17/2015
Property Tax Rebate Estimate letter providing estimates for a potential proposal to give homestead owners school property tax rebates equal to the statewide average school property tax paid (March 2015). 03/11/2015
Updated School District Property Tax Forecast letter updating the IFO's forecast of school property tax collections for FY 2013-14 through FY 2019-20 (December 2014).  12/12/2014
Analysis of House Bill 1693 (2013) letter providing data on the share of residential and nonresidential property assessments by county (December 2013). The letter was in response to a request regarding HB 1693, which was a proposed constitutional amendment permitting different millage rates for residential and nonresidential property.   12/17/2013
Analysis of school property taxes paid by homeowners age 70 and older letter providing an analysis of school property taxes paid by homeowners age 70 and older (October 2013). The analysis presents a preliminary assessment of data on the cost of a school property tax freeze for those homeowners and a brief discussion of factors that affect the cost of a freeze over the long-term. 10/29/2013
Projections of school property taxes paid by Pennsylvania homesteads letter containing projections of the school property taxes paid by Pennsylvania homesteads (September 2013).  09/16/2013
Estimate of property taxes paid by Lancaster County homeowners aged 70 and over letter containing an estimate of property taxes paid by Lancaster County homeowners aged 70 and over (June 2013). 06/24/2013
ACN_SB1_A01354_A01558_2017_06_03a.pdf s work product follows page 33 of this transmittal document. In addition, this transmittal includes attached cost notes and supplemental letters prepared by Conduent, actu- ary for the Public School Employees’ Retirement System (PSERS) and Korn Ferry Hay Group, actu- ary for the “cost-neutral” early retirement reduction factors. (See page 19 for discussion.)  Conduent’s June 2, 2017 addendum letter provides insight into the methodology expected to determine the “cost neutral” early retirement reduction factor. We recommend that this determination Hits: 50
index.cfm recent changes to incentive program spending or utilization. ... (Full Report) UGSOA Wage Contract Analysis Wage Contracts January 09, 2024 This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the United Government Security at the BEFC hearing can be found here . ... (Full Report) PSEA Wage Contract Analysis Wage Contracts December 14, 2023 This letter provides a fiscal impact analysis of the collective bargaining agreement between the Commonwealth of Pennsylvania and the Pennsylvania State Education Hits: 20
IFO_Pension_Analysis_Policies_(January_1_2024).pdf system(s) specified in the legislation. Second, if the actuarial impact is not material, then the IFO will issue a letter (described below). If it is material, then a note will be issued and the IFO will facilitate an actuarial analysis scenarios in their analysis of the proposed legislation. Types of Responses The IFO issues actuarial notes (material actuarial impact) or letters (no material actuarial impact) in response to legislative requests for pension analysis. There are various proposed changes that could trigger Hits: 18
2006_surviving_spouse_healthcare_study.pdf report to be informative and useful in your deliberations on this important issue. Sincerely, Paul D. Halliwell Chairman iii Page Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vii Part I – Retired Employee Health Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Part 29 Part V – Appendices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Appendix I – House Resolutions No. 161 and No. 516 . . . . . . . . . . . . 37 Appendix II – February 2, 2006, Letter from Katherine A. Warren and William A. Reimert of Milliman, Inc. Regarding Projected Benefit Costs . . . . . . . . . . . . . . . . . 43 Appendix III – Commonwealth Management Hits: 10
2007_divestment_complete_report.pdf this important and complex aspect of public employee retirement system administration. Sincerely, Paul D. Halliwell Chairman -iii- Table of Contents Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ix Part I. Introduction and Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 – Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 – Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 is not complicit in the Darfur genocide would also be excluded. Each retirement system would also be required to submit letters to the managers of actively managed investment funds containing indirect holdings in companies that have scrutinized active business operations requesting Hits: 8
Response_Letter_9_23_2019.pdf Honorable Francis X. Ryan House of Representatives 149A East Wing Main Capitol Building Harrisburg, PA 17102 Dear Representative Ryan: This letter responds to your requests that the Independent Fiscal Office (IFO) provide various data regarding Pennsylvania residents age 65 or older. Specifically, your letters requested the following information:  Cost by major program of caring for seniors for FY 2017-18 actual and FY Hits: 7
IFO_Response_Letter_March_7_2022.pdf Stanley Saylor House Appropriations Committee, Chairman 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: Thank you for your letter dated January 20, 2022. Your letter requests an analysis of three bills: HB 105 PN 2611 (like-kind exchanges); HB 333 PN 1160 (Section 179 expensing Hits: 7
2013_special_report_funding_and_reforming_public_employee_retirement_systems.pdf General Assembly who seeks to develop a legislative proposal to address these vital issues.Sincerely,Anthony W. SalomoneChairman iii Page Letter of Transmittal. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i Executive Summary.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .vii Part I–Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Part II–History of the Crisis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Part III–Unfunded policy with an identifiable objective, there is no adequate way to measure the various pros and cons of different methodologies. Let us begin with the recognition that there is no constitutional requirement that governments provide their employees with any retirement benefit Hits: 7
TC_2023_Manufacturing.pdf spreadsheet at the end of year one and each year thereafter until year five. Upon approval, DCED issues a commitment letter that contains: (1) a description of new full-time jobs to be created, (2) the number of new jobs to that the firm intends to operate in the Commonwealth for at least five years after the start date. The commitment letter must be signed by the applicant and returned to DCED within sixty days of the commit- ment letter date. DCED Hits: 6
TC_2021_Neighborhood_Assistance_Program.pdf the project. ▪ Tax Compliance Form for each business firm that will contribute to the project along with a com- mitment letter stating amounts and terms of the contributions (or a strong solicitation plan). 11 The application submission due date varies from the application. DCED will recommend approval for projects and determine the tax credit amount. Once approved, DCED sends an agreement letter to the applicant which must be signed and returned within 60 days. Upon receipt of the signed letter, DCED will Hits: 6
PBB_2021_PennDOT_REPORT_ADDENDUM.pdf comprise nearly 80 percent of total state transportation revenues. In CY 2020, the department scaled back construction and reduced project lettings by $300 million due to reduced revenues from COVID-19 and $300 million due to various technical issues. The department agencies. The MOUs reduced review time by 15 to 51 days. Roads Rehabilitated/Replaced at a Slower Rate as Project Lettings Decline 335 216 197 164 73 95 $1.0 $1.5 $2.0 $2.5 $3.0 0 100 200 Hits: 6
TC_2021_Keystone_Special_Development_Zones_Update.pdf mercial sites. Administration DCED administers the KSDZ Tax Credit program and reviews applications. Applicants begin the process by submitting a letter to DCED requesting the designation of a site as a KSDZ. The letter must include:  Legal name and taxpayer identification (ID) numbers for all property owners.  Property location and size.  Hits: 5
Response-Letter-2-27-2020.pdf Box 202117 P.O. Box 202055 Harrisburg, PA 17120-2117 Harrisburg, PA 17120-2055 Dear Representatives Boback and Petrarca: This letter responds to your request for an analysis of child welfare program funding in Pennsylvania from federal, state and local sources. Specifically, your letter requests a fiscal analysis of the federal Family First Prevention Services Act (Family First). Family First provides new federal funding Hits: 5
Response-Letter-10-7-2019.pdf Pennsylvania House of Representatives 209 Ryan Office Building Harrisburg, PA 17120-2129 Dear Representative Cox: Thank you for your recent letter that requests the Independent Fiscal Office (IFO) to provide additional data on the minimum wage analysis included in the Analysis of Revenue Proposals published by the office in March 2019. Your letter requests additional detail regarding the net wage gains displayed in Table 2.6 of the report. Your letter also inquires Hits: 5
Response-Letter-09-12-2019-Part-2.pdf 2019 The Honorable Robert M. Tomlinson Senate of Pennsylvania 281 Main Capitol Building Harrisburg, PA 17120 Dear Senator Tomlinson: This letter responds to your request that the Independent Fiscal Office (IFO) provide an update to a previous letter transmitted by the office regarding estimates of the funds necessary for a proposed expansion of the Property Tax Rent Rebate Hits: 5
TC_2022_Educational_Tax_Credits.pdf confirming tax credit approval. Firms must make the pledged contribution to an approved organization within 60 days of the approval letter and DCED must receive documentation of the contribution within 90 days of the letter. The tax credit approval will be rescinded if the contribution is not made, or the required documentation is not received Hits: 4
Response-Letter-9-30-2019.pdf Representatives 149A East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Representative Ryan: Thank you for your July 9 th letter that requests the Independent Fiscal Office (IFO) to provide additional estimates related to House Bill 13. The IFO provides the the impact of changes in behavior and compliance at full implementation for each of the proposed tax rates.  Your letter indicates that the additional sales and use tax (SUT) would be imposed at the local level, similar to the existing Hits: 4
Response-Letter-09-06-2019.pdf The Honorable Mario Scavello Senate of Pennsylvania 20 East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Senator Scavello: This letter responds to a request made by your office to provide an additional estimate related to an analysis transmitted by the 65 or older with household incomes of $60,000 or less. Using the same methodology used from the August 16 letter, the IFO projects that the higher rebate would affect 616,000 homeowners and new rebates would total $1.03 billion Hits: 4
PA_Turnpike_Toll_Projections_May_31_2013.pdf 0 percent per annum. The 3.0 to 6.0 percent range reflects assumptions used in the latest Bring Down Letter from the PTC’s economic consultant, CDM Smith. 12 The 4.5 percent annual toll increase is referred to as 2012 Traffic and Revenue Forecast Study,” March 9, 2012 and “Pennsylvania Turnpike Commission 2013 Traffic and Toll Revenue Bring Down Letter,” March 18, 2013. See latest PTC bond offering at http://www.paturnpike.com/financial/documents/Official%20Statement%20MLS %202013A%20%20MLF2013A.pdf. 13 ..Ibid Hits: 4
TC_2023_Rural_Jobs_Investment.pdf Eligible Capital Contribution Request Form for each credit-eligible contributing business firm. Upon approval of the credit-eligible contribution, a letter is issued indicating the approved contribution amount. Business firms must submit this letter with their tax credit application. Rural Jobs and Investment Tax Credit Overview | Page 9 The rural growth fund is required Hits: 3
TC_2020_Organ and Bone Marrow Donation Tax Credit.pdf Appendix ................................................................................................................................. 17 Tax Credit Review Mandate ............................................................................................................ 17 Performance-Based Budgeting and Tax Credit Review Schedule ....................................................... 18 Sources ........................................................................................................................................ 19 Letters Submitted by Stakeholders ................................................................................................. 20 - This page intentionally left blank. - General Findings and Recommendations | Page 1 General Findings and Recommendations Initially enacted in The statements must cover the period of absence and the period immediately preceding and following the absence.  Letter from the employee’s physician describing the procedure and dates of absence.  Documentation of any costs associated with temporary replacement help Hits: 3
TC_2019_New_Jobs_Tax_Credit_Report.pdf firm develops or deploys leading technologies.  Synergies with other DCED initiatives. Upon approval, DCED issues a commitment letter that contains: (1) a description of the project, (2) the number of jobs to be created, (3) the specified timeline for the firm intends to operate in the Commonwealth for at least five years after the start date. The commitment letter must be signed and returned to DCED within 60 days. Throughout the job creation period, the firm must file quarterly employment affidavits Hits: 3
Single-Use Plastics Report-2020_06.pdf organizations that met with the IFO is contained in Appendix D. If stakeholders elected to submit comments, those letters are also included. The IFO would also like to thank staff from the Depart- ment of Environmental Protection and the Department of 63 Appendix A: Glossary ..................................................................................................................... 63 Appendix B: Lion Poll Methodology and Bag Use Calculation ............................................................ 65 Appendix C: Scope Letter to the Senate Majority Leader’s Office ...................................................... 66 Appendix D: Stakeholder Meetings and Submissions ........................................................................ 68 - This page intentionally left blank. - Executive Summary Hits: 3
Revenue-Proposal-Analysis-2020-04.pdf as well as the distribution of winners and losers are referenced in the DOR budget hearing re- sponse letter to the House Appropriations Committee. 18 For combined reporting only, the analysis finds that:  62 percent of firms would be unaffected effect on employment from a higher minimum wage. 21 “The Effects of Minimum Wage on Employment,” FRBSF Economic Letter 2015-37 (December 2015). 22 Allegretto et al. “Credible Research Designs for Minimum Wage Studies: A Response to Neumark, Salas and Wascher Hits: 3
Response_Letter_2021_April.pdf Independent Fiscal Office (IFO) to provide updates to prior requests that were published November 2017 and September 2019. 1 This letter uses the same data sources and methodologies used in those analyses to provide updated estimates. The updated tables are as us/download.cfm?file=Resources/Documents/Response_Letter_9_23_2019.pdf, http://www.ifo.state.pa.us/download.cfm?file=Resources/Documents/Response-Letter-9-30-2019.pdf and http://www.ifo.state.pa.us/download.cfm?file=Resources/Documents/SR2017-05.pdf. April Hits: 3
Response-Letter-11-08-2019.pdf 6, 2019 The Honorable Vincent Hughes Senate of Pennsylvania 545 Main Capitol Building Harrisburg, PA 17120 Dear Senator Hughes: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates related to school district property tax rebates for eligible homesteads. Specifically, your letter requested the following estimates:  The number of properties that may qualify as homestead properties. 1  The statewide average Hits: 3
Response-Letter-09-19-2019.pdf 19, 2019 The Honorable Doug Mastriano Senate of Pennsylvania 172 Main Capitol Building Harrisburg, PA 17120 Dear Senator Mastriano: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates of the annual loss of tax revenue associated on residents that are age 65 or older and have an annual household income of $40,000 or less. Your letter also requested the following details/parameters:  The number of households impacted by the proposal.  The annual loss of Hits: 3
Response-Letter-09-12-2019.pdf 2019 The Honorable Robert M. Tomlinson Senate of Pennsylvania 281 Main Capitol Building Harrisburg, PA 17120 Dear Senator Tomlinson: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates of the funds necessary for a proposed expansion the cities of Pittsburgh, Philadelphia and Scranton in this income range receive the supplemental rebate regardless of tax burden. Your letter specified certain parameters of the proposal that are relevant to the estimates:  Establish a new base rebate of $175 Hits: 3
Response-Letter-08-16-2019.pdf The Honorable Mario Scavello Senate of Pennsylvania 20 East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Senator Scavello: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates of the funds necessary for a proposed property regarding this analysis, please do not hesitate to contact me (717- 230-8293). Per the policy of the IFO, this letter will be posted to the office website three business days after transmittal to your office. Sincerely, Matthew J. Knittel Director Hits: 3
RB-2018-01.pdf Delinquent collections are receipts from property taxes levied in a prior Ðiscal year. 2. Additional details are available in the letter to the County Commissioners Association of Pennsylvania. See http:// www.ifo.state.pa.us/Resources/Documents/SR2017‐06.pdf. 3 found at 53 Pa.C.S. §8401. 11. Additional details regarding the survey are available in the December 6, 2017 letter to the County Commissioners Association of Pennsylvania. See http://www.ifo.state.pa.us/Resources/Documents/SR2017‐06.pdf. 12 Hits: 3
PBB_2020_DOS_REPORT.pdf could include exam authorizations, issuance of discrepancy notices for incomplete applications or missing payments and transmission of a letter or email to applicant. 4 DOS began tracking licensing times for a few occupations and plans to roll this out to other were the first occupations tracked. 3 Transactions include (1) issuances, renewals, change applications and reactivations of licenses, (2) letters of good standing and (3) list sales. --Recommended Performance Measure-- --Recommended Performance Measure-- Professional and Occupational Affairs | Page 17 State Board 2014 Hits: 3
IFO_Response_Letter_Feb_21_2023.pdf Tracy Pennycuick Pennsylvania Senate 16 East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Senator Pennycuick: Thank you for the letter submitted to our office on January 9, 2023. That letter requests that the Independent Fiscal Office (IFO) project the impact of an increase in the share of taxable income that Hits: 3
Act_25_Letter_Feb_2022.pdf Seth M. Grove Pennsylvania House of Representatives 7 East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Representative Grove: This letter responds to your request that the Independent Fiscal Office (IFO) provide updated estimates for the reduction in school property taxes property taxes relatively more within the bounds of the Act 1 Index. If you have any further questions regarding this letter, please do not hesitate to contact my office (717- 230-8293). Per the policy of the IFO, this letter will Hits: 3
TC_2019_Historic_Preservation_Tax_Credit_Report.pdf and Tax Credit Review Schedule ....................................................... 34 Sources ........................................................................................................................................ 35 DOR Administration, Enforcement and Compliance Efforts for the HPTC ........................................... 37 Letters Submitted by Agencies and Stakeholders ............................................................................. 39 General Findings and Recommendations | Page 1 General Findings and Recommendations Enacted in July 2012, the Historic Appendix | Page 37 DOR Administration, Enforcement and Compliance Efforts for the HPTC Appendix | Page 38 Appendix | Page 39 Letters Submitted by Agencies and Stakeholders Appendix | Page 40 Appendix | Page 41 Appendix | Page 42 Appendix | Page 43 - This page intentionally left blank Hits: 2
TC_2019_Film_Production_Tax_Credit_Report.pdf and Tax Credit Review Schedule ...................................................... 28 Sources ........................................................................................................................................ 29 DOR Administration, Enforcement and Compliance Efforts for the FPTC ........................................... 32 Letters Submitted by Stakeholders ................................................................................................. 34 General Findings and Recommendations | Page 1 General Findings and Recommendations Enacted in July 2007, the Film Production Tax Appendix | Page 32 DOR Administration, Enforcement and Compliance Efforts for the FPTC Appendix | Page 33 Appendix | Page 34 Letters Submitted by Stakeholders Appendix | Page 35 Appendix | Page 36 Appendix | Page 37 Appendix | Page 38 Appendix | Page 39 Appendix | Page 40 Appendix Hits: 2
SD_Property_Tax_Forecast_Nov_2021.pdf found at 53 Pa.C.S. §8401. 10 Additional details regarding the survey are available in the December 6, 2017 letter to the County Commissioners Association of Pennsylvania. See http://www.ifo.state.pa.us/Resources/Documents/SR2017-06.pdf. 11 Additional details are available in Table 3 of the November 6, 2017 letter to Representative Francis X. Ryan. See http://www.ifo.state.pa.us/Resources/Documents/SR2017-05.pdf. 2022-23 2023- Hits: 2
SD-Property-Tax-Forecast-2020.pdf found at 53 Pa.C.S. §8401. 10. Additional details regarding the survey are available in the December 6, 2017 letter to the County Commissioners Association of Pennsylvania. See http://www.ifo.state.pa.us/Resources/Documents/SR2017-06.pdf. 11. Additional details are available in Table 3 of the November 6, 2017 letter to Representative Francis X. Ryan. See http://www.ifo.state.pa.us/Resources/Documents/SR2017-05.pdf. Rachel Carson State Hits: 2
SD-Property-Tax-Forecast-2019.pdf found at 53 Pa.C.S. §8401. 10. Additional details regarding the survey are available in the December 6, 2017 letter to the County Commissioners Association of Pennsylvania. See http://www.ifo.state.pa.us/Resources/Documents/SR2017-06.pdf. 11. Additional details are available in Table 3 of the November 6, 2017 letter to Representative Francis X. Ryan. See http://www.ifo.state.pa.us/Resources/Documents/SR2017-05.pdf. Rachel Carson State Hits: 2
PBB_2019_DGS_Report.pdf and Performance Measures Selected measures are as follows. Unless noted otherwise, all measures are computed by DGS.  Letters/flats sorted. The number of mail pieces sorted by DGS.  Presort mail savings over previous contract. The Commonwealth’s savings due DGS to sort the mail internally. 13-14 14-15 15-16 16-17 17-18 18-19 Letters/flats sorted (millions) 1 n.a. n.a. n.a. 76.8 75.2 n.a. Presort mail savings ($ thousands) 1 n Hits: 2
MGMT Nonrepresented Wage Contract.pdf Senate of Pennsylvania 281 Main Capitol Building Harrisburg, PA 17120 Dear Senator Browne: Thank you for your July 15 th letter that requests the Independent Fiscal Office (IFO) to prepare a cost analysis that assumes all management and non-represented employees this analysis, please do not hesitate to contact my office (717-230-8293). Per the policy of the IFO, this letter will be posted to the office website three business days after transmittal to your office. Sincerely, Matthew J. Knittel Director Hits: 2
Kling_Presentation.pdf That working paper on CBO’s economic forecast showed researchers how the agency’s various models interact. 8 CBO To let researchers replicate its results, CBO posts the computer code for some analyses. For example:  Code for CBO’s estimates of Policy Alternatives 16 CBO Estimating the Effects of Policy Alternatives: CBO’s Interactive Force Structure Tool That interactive tool lets users add or subtract tanks, ships, aircraft, and other units. 17 CBO CBO’s reports and cost estimates describe the Hits: 2
IFO_Response_Letter_May_16_2022.pdf the Independent Fiscal Office (IFO) provided updated estimates for potential property tax replacement revenues proposed under House Bill 13. This letter responds to your April 20 request for additional information related to those estimates. Estimates Adjusted for Effective Dates The IFO this information, please do not hesitate to contact my office (717-230- 8293). Per the policy of the IFO, this letter will be posted to the office website three days after transmittal to your office. Sincerely, Matthew J. Knittel Director, Independent Hits: 2
IFO_Response_Letter_Jan_20_2023.pdf Appropriations Committee Chairman Pennsylvania House of Representatives 7 East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Chairman Grove: This letter responds to your request that the Independent Fiscal Office (IFO) provide ten-year static and dynamic revenue estimates for proposed the analysis, please do not hesitate to contact my office (717- 230-8293). Per the policy of the IFO, this letter will be posted to the office website three days after transmittal to your office. Sincerely, Matthew J. Knittel Director, Independent Hits: 2
IFO_Response_Letter_April_5_2023.pdf 5, 2023 The Honorable Rosemary M. Brown Pennsylvania Senate 187 Main Capitol Building Harrisburg, PA 17120 Dear Senator Brown: This letter responds to your request that the Independent Fiscal Office (IFO) provide estimates for a proposed two-tier property tax rebate this analysis, please do not hesitate to contact my office (717-230- 8293). Per the policy of the IFO, this letter will be posted to the office website three days after transmittal to your office. Sincerely, Matthew J. Knittel Director, Independent Hits: 2
IFO_Response_Letter_April_12_2022.pdf Representatives 149A East Wing, Main Capitol Building Harrisburg, PA 17120 Dear Representative Ryan: Thank you for your March 2, 2022 letter that asks the Independent Fiscal Office (IFO) to provide updated estimates for potential property tax replacement revenues. This analysis uses estimates provided, please do not hesitate to contact my office (717-230-8293). Per the policy of the IFO, this letter will be posted to the office website three days after transmittal to your office. Sincerely, Matthew J. Knittel Director, Independent Hits: 2
House_Appropriation_Response_Letter_3_17_2021.pdf The Honorable Stanley E. Saylor Chairman House Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: This letter responds to your request for additional information on states that have legalized recreational marijuana and associated costs arising from legalization this response to our website three business days after transmittal to your office. If you have any questions regarding the letter, please do not hesitate to contact me (717-230-8293). Sincerely, Matthew J. Knittel Director, Independent Fiscal Office. March 17 Hits: 2
Budget_Roundtable_Response_Letter_02_2024.pdf The Honorable Seth M. Grove Chairman House Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Grove: This letter and the embedded tables respond to requests for additional information raised at the recent roundtable hearing on January 31, 2024 2023. Since 2011, net international migration has also averaged 26,000 per annum. If you have any further questions, please let me know. Sincerely, Matthew J. Knittel Director, Independent Fiscal Office Company: Microsoft ContentTypeId: 0x0101007286B3A41AAE134DA202BF9306CA733E CreationDate: 2024-02-07 23:54 Hits: 2
BEFC_Survey_Results_FINAL.pdf is due to a homeless shelter established in our school district about 1-2 years ago 4. Received a letter notifying our District of a proposed Low Income Housing to be constructed in our school district. 5. Multi-County SD's As such, many Philadelphia charters are faced with a challenge to provide the basic levels of service to students, let alone tackle the necessary remediation steps required to catch up with better funded suburban peers. Souderton CS Collaborative Our authorizing district Hits: 2
BEFC_Response_Letter_12_19_23.pdf Capitol Building 106 Irvis Office Building Harrisburg, PA 17120 Harrisburg, PA 17120 Dear Co-Chairs Phillips-Hill and Sturla: This letter responds to questions raised at the December 14, 2023, Basic Education Funding Commission (BEFC) hearing regarding the 2023 BEFC Survey you have any further follow-up questions to these responses or other requests related to the 2023 BEFC Survey, please let me know. Sincerely, Matthew J. Knittel Director, Independent Fiscal Office 1 Guydish, Mark. Times Leader, “ The state’s School Performance Hits: 2
April_1_Revenue_Update.pdf 8293 | contact@ifo.state.pa.us INDEPENDENT FISCAL OFFICE April 1, 2024 Dear Chairs Martin, Hughes, Harris and Grove: This letter provides a brief update to the IFO’s General Fund revenue forecast based on year-to-date revenues. Through March update for FY 2023-24 and an initial estimate for FY 2024-25. If you have any questions regarding this letter, please contact my office. Sincerely, Matthew Knittel Director, Independent Fiscal Office cc: Uri Monson, Budget Secretary Patrick Browne, Revenue Secretary Hits: 2
2021-SD-Property-Tax-Forecast.pdf found at 53 Pa.C.S. §8401. 11 Additional details regarding the survey are available in the December 6, 2017 letter to the County Commissioners Association of Pennsylvania. See http://www.ifo.state.pa.us/Resources/Documents/SR2017-06.pdf. 2021- directed to jbushman@ifo.state.pa.us. 12 Additional details are available in Table 3 of the November 6, 2017 letter to Representative Francis X. Ryan. See http://www.ifo.state.pa.us/Resources/Documents/SR2017-05.pdf. 2019-20 2020- Hits: 2
2002_drop_report.pdf impacts the 3,000 public employee retirement systems of the Commonwealth. Sincerely, Paul D. Halliwell Chairman -iii- Table of Contents Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v Part I. Background and Discussion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 - Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 - Most Common a member shall submit, on forms provided and required by the retirement 6 system: 7 (1) A binding and irrevocable letter of resignation from regular 8 employment with the local government that discloses the member’s intent to 9 retire and Hits: 2
2002_dbdc_report.pdf useful in your deliberations on this aspect of public pension policy. Sincerely, Paul D. Halliwell Chairman -iii- TABLE OF CONTENTS Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v Part I – Background Discussion Description of Defined Benefit and Defined Contribution 7 – Implementation Issues . . . . . . . . . . . . . . . . . . . 39 Part III – Appendices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Appendix I – House Resolution No. 266 . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 Appendix II – June 28, 2002, Letter and Data from David H. Killick of Conrad M. Siegel, Inc. Regarding Benefit Comparison and Cost Considerations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 Appendix III Hits: 2
TC_2023_Waterfront_Development.pdf and provide DCED with a written acknowledgement from the qualified organization within 90 days of the date of the approval letter. Tax credits are submitted to DOR for application against the firm’s Pennsylvania state tax liability. Upon completion of an Hits: 1
TC_2020_Research and Development Tax Credit.pdf or end of the year if filing as a small business. The DOR reviews applications and mails award letters for approved credits by December 15. The DCED handles the application process for the sale and assignment of the RDTC. Purchased RDTCs Hits: 1
SR2017-06.pdf with their classifications by the Pennsylvania Department of Education. Thank you very much for your assistance with the survey. Please let us know if we can answer any questions regarding the methodology for our estimates or if we can provide you Hits: 1
SR2017-05.pdf nontaxable retirement income. Also, the impact of the tax forgiveness credit is not included. See page 2 of the accompanying letter for additional explanation. County Owners Renters County Owners Renters Adams 29.5% 21.1% Lackawanna 31.5% 22.9% Allegheny Hits: 1
Senate_Appropriations_Committee_Response_Letter_2024.pdf 2024 The Honorable Scott Martin Chairman Senate Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Martin: This letter responds to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Chairman Martin Hits: 1
Senate_Appropriations_Committee_Response_Letter_2023.pdf 2023 The Honorable Scott Martin Chairman Senate Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Martin: This letter and attachments respond to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO Hits: 1
Senate_Appropriations_Committee_Response_Letter_2022.pdf The Honorable Patrick M. Browne Chairman Senate Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Browne: This letter and the attached table respond to requests for additional information raised at the recent budget hearing for the Independent Fiscal Hits: 1
Senate_Appropriations_Committee_Response_Letter_2021.pdf The Honorable Patrick M. Browne Chairman Senate Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Browne: This letter and the attached tables respond to requests for additional information raised at the recent budget hearing for the Independent Fiscal Hits: 1
Senate Budget Hearing Request.pdf The Honorable Patrick M. Browne Chairman Senate Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Browne: This letter responds to a request for additional information raised by Senator Vulakovich at the recent budget hearing for the Independent Fiscal Hits: 1
Senate Appropriations Response Letter 3-6-2020.pdf The Honorable Patrick M. Browne Chairman Senate Appropriations Committee 281 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Browne: This letter and the attached tables respond to requests for additional information raised at the recent budget hearing for the Independent Fiscal Hits: 1
Revenue_Estimate_2023_06.pdf moderate and residual excess savings could fuel consumption through the end of the year. For example, a May 8 Economic Letter pub- lished by the Federal Reserve Board of San Francisco finds that “(d)espite a rapid drawdown of those funds Hits: 1
Revenue-Proposal-Analysis-2019-03.pdf Family Income,” Congressional Budget Office (Feb- ruary 2014). 12 “The Effects of Minimum Wage on Employment,” FRBSF Economic Letter 2015-37 (December 2015). 13 Dube et al. “Minimum Wage Shocks, Employment Flows and Labor Market Frictions,” Journal of Labor Economics, 34 Hits: 1
Revenue-Estimate-2023-05.pdf moderate and residual excess savings could fuel consumption through the end of the year. For example, a May 8 Economic Letter pub- lished by the Federal Reserve Board of San Francisco finds that “(d)espite a rapid drawdown of those funds Hits: 1
Property-Tax-Update-August-2018.pdf Fiscal Office (IFO) with a request to update certain tables and graphs that have been published by the office. This letter contains updates to those tables and graphs. To provide context, a brief description follows. The original documents can be found Hits: 1
Presentation_PASBO_Annual_Conference_3-8-2018.pdf over 32.9 31.3 70 or over 21.9 20.3 9 Note: Shares represent owner-occupied households. Source: Letter to Representative Jim Cox, IFO (December 2017). March 8, 2018 Reliance On Property Tax Varies District Group FY 15-16 Hits: 1
Presentation-2019-3-1-EPLC.pdf over 45.50% 43.80% 65 or over 32.90% 31.30% 70 or over 21.90% 20.30% Source: Letter to Representative Jim Cox, IFO (December 2017). Reliance on Property Tax Varies March 1, 2019 22 District Group FY 2016- Hits: 1
PLEA_Wage_Contract_Analysis_2023.pdf data supplied by the Office of Administration. The analysis excludes any impact of the “Recruitment and Retention Pay Differential” side letter, as details of that agreement were not transmitted to the IFO. If you have any questions regarding the contents of Hits: 1
PBB_Board_Hearing_Apr_27_2021.pdf significant and long-term implications for the department ▪ Gasoline consumption is down by roughly 10% ▪ The department scaled back construction lettings in CY 2020 due to reduced revenues ▪ Public transit ridership and revenues down significantly Rapid Bridge Replacement (RBR) program reduced Hits: 1
PBB_2022_AGRICULTURE_REPORT.pdf in a stop sale. For pesticide businesses, it is the share of inspections that do not result in a warning letter or civil penalty. ▪ An SLF permit is required for businesses, agencies and organizations working within the quarantine area that move Hits: 1
NFIB_Presentation.pdf bonus depreciation). Will PA decouple? ◦ How will pass through entities be treated? Possible property tax reform. ◦ IFO recently issued several letters and analyses. ◦ Replacement revenues if SD property tax is eliminated. Future challenges to General Fund. ◦ Reduced support from other funds Hits: 1
MQRE-FY19-20-Aug.pdf was filled by a veteran or an unemployed individual, up to the maximum amount specified in the commitment letter. Fiscal Analysis This provision is not projected to impact FY 2019-20 revenue collections. Keystone Opportunity Expansion Zones (Act 13) The act Hits: 1
Letter_to_JSGC.pdf now appear to be part of the IFO submission. Both sets of alterations are described in the enclosure to this letter. Based on these unauthorized alterations, the IFO has reservations regarding the provision of future technical assistance or economic analysis. The Hits: 1
IFO_Letter_to_the_SCC.pdf additional guidance, please do not hesitate to contact my office (717-230-8293). Per the policy of the IFO, this letter will be posted to the office website after transmittal to your office. Sincerely, Matthew J. Knittel Director, Independent Fiscal Office Hits: 1
IFO_Job_Opportunity_Revenue_Analyst.pdf life insurance • Retirement plan • Leave benefits include paid vacation, sick days and state holidays • Parking provided Please submit a cover letter and resume to Robyn Toth (rtoth@ifo.state.pa.us) with the subject line of: “Revenue Analyst Application.” CreationDate: 2024- Hits: 1
IFO_Job_Opportunity_Deputy_Director.pdf life insurance • Retirement plan • Leave benefits include paid vacation, sick days and state holidays • Parking provided Please submit a cover letter and resume to Robyn Toth (rtoth@ifo.state.pa.us) with the subject line of: “Deputy Director Application.” CreationDate: 2024- Hits: 1
IFO_Analyst_Opening.pdf is based on education, skills and experience. A comprehensive benefits package is included. Interested applicants should submit a brief cover letter and resume by email to Charlene Raves (craves@ifo.state.pa.us). Please type the word 'Application' in the subject Hits: 1
IFO_ Job_Posting_Jan_2022.pdf benefits, and work remotely 3 days per week (parking included for workdays in office). Interested applicants can submit resumes (cover letter not required) to Robyn Toth at rtoth@ifo.state.pa.us and use “Application” in the subject line. Qualified applicants Hits: 1
House_Appropriations_Committee_Response_Letter_2022.pdf 2022 The Honorable Stanley Saylor Chairman House Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: This letter and the attached table respond to a request for additional information raised at the recent budget hearing for the Independent Hits: 1
House Budget Hearing Request.pdf 2017 The Honorable Stan Saylor Chairman House Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: This letter responds to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Representative Dunbar Hits: 1
House Appropriation Response Letter 2-28-2020.pdf 2020 The Honorable Stan Saylor Chairman House Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Saylor: This letter responds to requests for additional information raised at the recent budget hearing for the Independent Fiscal Office (IFO). Representative Grove Hits: 1
Econ_Budget_Outlook_Hearing_Response_Letter_02_2023.pdf The Honorable Seth M. Grove Chairman House Appropriations Committee 245 Main Capitol Building Harrisburg, PA 17120 Dear Chairman Grove: This letter and the attached tables respond to requests for additional information raised at the recent roundtable hearing on January 24, 2023 Hits: 1
ACN_SB1071_A10803_text.pdf 5103. Notice to members and participants. Notice by publication, including, without being limited to, newsletters, newspapers, forms, first class mail, letters, manuals and, to the extent authorized by a policy adopted by the board, electronically, including, without being limited to, e- Hits: 1
2004_srpvffinal.pdf be informative and useful in your deliberations on this aspect of public pension policy. Sincerely, Paul D. Halliwell Chairman -v- Letter of Transmittal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii Table of Contents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vii Part I – Background Discussion . . . . . . . . . . . . . . . . . . . . . . . . 1 Part II – Survey Findings and Conclusions Hits: 1
2000_cost_of_living_adjustments.pdf this important and costly aspect of public employee retirement system administration. Sincerely, Paul D. Halliwell Chairman -iii- TABLE OF CONTENTS Letter of Transmittal . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . i Table of Contents . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . iii Introduction . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . . v Executive Summary . . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . .. . . vii Part I - General Background and Discussion . . . . . . . . . . . 1 Part Hits: 1